Godrej has soap brands such as Cinthol, Godrej No.1, Fairglow, while Wipro manufacturers soaps like Yardley and Santoor. Godrej has reduced the price of a 100 gm pack of four Godrej No.1 soaps to Rs 66 from Rs 72. HUL's Rin bar for washing clothes for instance has gotten cheaper by Rs 3 for a 250 gm bar.However, for those who enjoy body washes or liquid soaps in the shower, may need to brace for higher prices as liquid soaps have been put in the highest tax category of 28 per cent, up from the previous 24-25 per cent. Although, FMCG companies so far have mostly absorbed cost spikes due to GST, while passing on the benefits wherever the tax incidence has come down. Bringing the country under a uniform tax regime, GST is expected to add 2 per cent to India's GDP (gross domestic product).
Source: Times of India July 12, 2017 09:57 UTC